Posts tagged as:

lender

Real Estate

Understanding Private Lending: Interview with a Private Lender Part 2

by Justin Pierce | August 2, 2009

Last week I spoke with a private lender who loaned her own money and brokered here own loans. She operates in Northern Virginia and takes great interest in the borrower. Her operation is small and she does not have any time or desire to foreclose on a property thus she tries to ensure she will not have to by dealing with experience investors who have assets and usually money to put into the deal.

To get a little variation on this topic I spoke with a different flavor of private lender. David Williams is a hard money lender located in Utah. The differences between these lenders are more than just their geographical location.

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Economy

The Crisis of Credit Visualized: How We Got Into the Current Housing Mess

by Joshua Dorkin | February 22, 2009

I just found this video series called the Crisis of Credit, outlining how we managed to get to where we are in terms of the housing and economic mess, and of course, I had to share it with our blog readers. So . . . . Enjoy!
Part 1:

Part 2:

Thoughts?

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Commentary

Servicers Incentivized To Modify Loans Under Obama Plan – Is It Enough?

by Rob K. Blake | February 22, 2009

The Obama $75 Billion housing stabilization plan holds pieces which are designed to help stem foreclosures and help those already in foreclosure with loan modifications. Currently servicers have shown no real signs of wanting to modify loans, but this new plan hopes to change their collective minds.
Will the Housing Stabilization Plan Work?
I’ll get to [...]

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Commentary

Questions & Risk for Lenders In The New Credit Environment

by Tom Koziol | February 20, 2009

Risk management rules are being revised as a result of the credit crisis we are currently experiencing. One of the categories under review is Customer Behavior. The proponents of the “strategic adjustments” have come up with supposedly new questions in this category.
This makes sense if the questions were truly new questions engineered for the [...]

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Commentary

Major Banks Announce Halt in Foreclosures for One Month; Await Obama Plan Details

by Joshua Dorkin | February 14, 2009

As the spending stimulus package passed the House and Senate on Friday, lenders large and small took action to stem the tide of foreclosures (1 every 13 seconds) until more details were revealed about President Obama’s $50 billion plan (that’s the portion of the stimulus devoted to foreclosures, according to the AP).
Fannie Mae, Freddie Mac, [...]

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Real Estate Investing

No Money for Real Estate Investors? What Are We Doing About it?

by Rosie Nieto | January 28, 2009

I have been spending a lot of time over the last couple of months in the trenches of  “show me the money.”  Right now, there are no loans for investors with 4 or more houses – period.    I did find a bank that is still doing loans for investors with more than 10 homes… but what was the [...]

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Commentary

Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans

by Rob K. Blake | January 17, 2009

I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical formula that demonstrates subprime lender have little financial motivation to modify mortgages facing default.
This research I thought was interesting because I am caught between wanting the government or the lenders to “help” [...]

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Real Estate

How Speculators (Investors?) Dominate Real Estate Sales, and May be Blamed for Further Crashes

by Joshua Dorkin | January 7, 2009

According to to Bloomberg:
As the U.S. housing recession enters its fourth year, there’s no sign of a recovery because speculators account for most of the rise in sales.
While the purchases are trimming the inventory of unsold properties, most of those bought by speculators will likely return to the market when prices rise again, hampering any [...]

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Commentary

The BiggerPockets Real Estate Show (sort of): Episode 3

by Joshua Dorkin | January 3, 2009

This episode covers such topics as setting your goals, localized real estate markets, the challenges for real estate agents and brokers in the current market and more.

Any thoughts? Comments?

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Commentary

Mortgage Brokers Getting All Time Low Of Origination Market Share

by Rob K. Blake | December 27, 2008

National Mortgage News reported last week in a survey recently completed, mortgage brokers are now only receiving 18.9% of the orignation Q3 market place. This paltry percentage of originations is an all-time low figure. Mortgage broker market share reached almost 80% just a few short years ago.
Mortgage Broker Demise Premature
The report hypothesized the [...]

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Commentary

The Neediest Get Hurt The Most In Mortgage Crisis

by Charles Feldman | July 23, 2008

Here are some mighty strong words: “The subprime lending debacle has caused the greatest loss of wealth to people of color in modern U.S. history.” That is the conclusion of the lead author of a new report by United for a Fair Economy, Amaad Rivera, as quoted in an excellent article in [...]

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Housing

Another One Bites the Dust: Wachovia Shuts Mortgage Unit

by Joshua Dorkin | July 22, 2008

The Associated Press is reporting today that Wachovia Bank, the nation’s fourth largest bank in terms of assets, will be shutting down it’s mortgage lending division.
“Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.” In addition, [...]

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Mortgages & Lending

Home Equity Credit Lines Cut. How You Get Screwed Two Different Ways

by Charles Feldman | June 11, 2008

Watch out. The home mortgage crisis may be about to belt you in the face and you may not even be aware the blow is coming.
A truly frightening article in the New York Times about the “shrinking lines of credit” and what it may mean for homeowners–and we are not talking about homeowners facing foreclosure,either.
What [...]

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Mortgages & Lending

Lender Guideline Changes That Effect All Investors

by Troy Schuricht | June 5, 2008

There are two major player in the lending industry right now, Freddie Mac and Fannie Mae, both of these companies are very important because they more or less dictate the rules and guidelines for lender and banks across the USA.
Freddie Mac recently released a guideline change – “We are revising our requirements for Investment [...]

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Commercial Real Estate

Financing the Investment Project: Leaving Nothing To Chance

by Mike Farmer | May 27, 2008

The importance of financing is so great it pays to leave nothing to chance and assumption. Knowing the local lenders and what they like to invest in is critical to finding the right lender for your investment project. Also, presenting a compelling case to the lender is important. These two aspects lay the foundation for [...]

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